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DeFi Education Fund and Andreessen Horowitz Advocate for SEC Blockchain Safe Harbor
DeFi Education Fund and Andreessen Horowitz Advocate for SEC Blockchain Safe Harbor
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BTCCSquare news:
The DeFi Education Fund and Andreessen Horowitz (a16z) have jointly urged the U.S. Securities and Exchange Commission (SEC) to establish a regulatory 'safe harbor' for blockchain applications. Their August 13 proposal challenges the SEC's stance that app developers facilitating securities transactions could be classified as brokers.
The initiative seeks a 'rebuttable presumption' that peer-to-peer software interfaces aren't engaging in broker-dealer activities. 'Forcing broker registration on neutral apps WOULD fundamentally alter their architecture,' the proposal warns, framing the issue as a threat to innovation rather than mere compliance.
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